FTI Consulting (FRA:FCQ) Cyclically Adjusted PB Ratio: 3.15 (As of Jul. 25, 2026) — 11% Below Median

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FRA:FCQ FTI Consulting Inc FRA:FCQ
84 GF Score
Price €141.00
GF Value €216.03
! 2 Warning Signs
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What is FTI Consulting Cyclically Adjusted PB Ratio?

FTI Consulting FRA:FCQ +4.44% 84 Cyclically Adjusted PB Ratio is 3.15 as of Jul. 25, 2026, which is 11% below its 10-year median of 3.54. GuruFocus rates FRA:FCQ with a GF Score™ of 84/100 and a GF Value™ of €216.03. The stock has 2 warning signs investors should review. Among 729 Business Services companies, FTI Consulting ranks worse than 73.66% on this metric.

As of today (2026-07-25), FTI Consulting's current share price is €141.00. FTI Consulting's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €44.70. FTI Consulting's Cyclically Adjusted PB Ratio for today is 3.15.

The historical rank and industry rank for FTI Consulting's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:FCQ' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.17   Med: 3.54   Max: 5.19
Current: 3.09

During the past years, FTI Consulting's highest Cyclically Adjusted PB Ratio was 5.19. The lowest was 1.17. And the median was 3.54.

FRA:FCQ's Cyclically Adjusted PB Ratio is ranked worse than
73.66% of 729 companies
in the Business Services industry
Industry Median: 1.56 vs FRA:FCQ: 3.09

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

FTI Consulting's adjusted book value per share data for the three months ended in Mar. 2026 was €47.682. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €44.70 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


FTI Consulting  (FRA:FCQ) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


FTI Consulting Cyclically Adjusted PB Ratio Related Terms


FTI Consulting Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for FTI Consulting's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

FTI Consulting Cyclically Adjusted PB Ratio Chart

FTI Consulting Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.22 3.97 4.61 4.07 3.40

FTI Consulting Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.40 3.28 3.24 3.40 3.42

FRA:FCQ vs BAH, HURN, ICFI: Cyclically Adjusted PB Ratio Comparison

For the Consulting Services subindustry, FTI Consulting's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


FTI Consulting Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, FTI Consulting's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where FTI Consulting's Cyclically Adjusted PB Ratio falls into.


FRA:FCQ
84GF Score
FTI Consulting Inc FRA:FCQ
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

FTI Consulting Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

FTI Consulting's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=141.00/44.70
=3.15

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

FTI Consulting's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, FTI Consulting's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=47.682/330.2130*330.2130
=47.682

Current CPI (Mar. 2026) = 330.2130.

FTI Consulting Quarterly Data

Book Value per Share CPI Adj_Book
201606 25.447 241.018 34.864
201609 25.901 241.428 35.426
201612 27.228 241.432 37.240
201703 27.075 243.801 36.671
201706 25.650 244.955 34.578
201709 25.009 246.819 33.459
201712 26.696 246.524 35.759
201803 26.605 249.554 35.204
201806 28.604 251.989 37.483
201809 30.196 252.439 39.499
201812 31.080 251.233 40.851
201903 32.629 254.202 42.386
201906 33.389 256.143 43.044
201909 35.260 256.759 45.347
201912 35.845 256.974 46.061
202003 35.817 258.115 45.822
202006 35.779 257.797 45.829
202009 34.747 260.280 44.083
202012 33.379 260.474 42.316
202103 34.759 264.877 43.333
202106 36.055 271.696 43.820
202109 38.275 274.310 46.075
202112 40.813 278.802 48.339
202203 42.726 287.504 49.073
202206 44.660 296.311 49.770
202209 48.255 296.808 53.686
202212 46.657 296.797 51.910
202303 47.297 301.836 51.744
202306 48.684 305.109 52.690
202309 49.198 307.789 52.782
202312 51.152 306.746 55.065
202403 52.946 312.332 55.977
202406 55.617 314.175 58.456
202409 56.447 315.301 59.117
202412 60.053 315.605 62.833
202503 57.048 319.799 58.906
202506 50.331 322.561 51.525
202509 47.556 324.800 48.349
202512 47.972 324.054 48.884
202603 47.682 330.213 47.682

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PB Ratio of 3.15 mean?
FTI Consulting (FRA:FCQ) has a Cyclically Adjusted PB Ratio of 3.15 as of Jul. 25, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on FTI Consulting and its competitors. This is 11% below median its historical median of 3.54. Over the past decade, FTI Consulting's Cyclically Adjusted PB Ratio has ranged from 1.17 to 5.19. According to the industry distribution chart, FTI Consulting ranks #537 out of 729 companies in the Business Services industry, placing it in the top 73.7%.
Is FTI Consulting's Cyclically Adjusted PB Ratio too high?
FTI Consulting's current Cyclically Adjusted PB Ratio of 3.15 is 11% below median its 10-year median of 3.54. Over the past 10 years, this metric has ranged from a low of 1.17 to a high of 5.19. The Business Services industry median Cyclically Adjusted PB Ratio is 1.56. FTI Consulting's value of 3.15 is 101.9% above this industry median. Based on the distribution chart, FTI Consulting ranks #537 out of 729 companies in the Business Services industry, which is below the industry midpoint. Overall, FTI Consulting has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does FTI Consulting's Cyclically Adjusted PB Ratio compare to BAH and HURN?
According to the Business Services industry distribution chart, FTI Consulting ranks #537 out of 729 companies for Cyclically Adjusted PB Ratio. This places FTI Consulting in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.56. FTI Consulting's value of 3.15 is 101.9% above this benchmark. Historically, FTI Consulting's own Cyclically Adjusted PB Ratio has ranged from 1.17 to 5.19 over the past decade. While the company's 10-year median is 3.54 vs. the industry median of 1.56, FTI Consulting has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Business Services company?
The median Cyclically Adjusted PB Ratio among Business Services companies is 1.56, based on 729 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. FTI Consulting's current Cyclically Adjusted PB Ratio of 3.15 is 101.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on FTI Consulting and its competitors. For the Business Services industry, the median Cyclically Adjusted PB Ratio is 1.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FTI Consulting's current Cyclically Adjusted PB Ratio is 3.15, which is 11% below median its own 10-year median of 3.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FTI Consulting stock overvalued right now?
FTI Consulting (FRA:FCQ) has a current Cyclically Adjusted PB Ratio of 3.15. The stock's GF Value™ is €216.03, compared to a current price of €141.00 — trading 34.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.15, which is 11% below median its 10-year median of 3.54 and 101.9% above the Business Services industry median of 1.56. FTI Consulting's overall GF Score™ is 84/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For FTI Consulting (FRA:FCQ), the current Cyclically Adjusted PB Ratio is 3.15 as of Jul. 25, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is FTI Consulting (FRA:FCQ) Overvalued in 2026?

Based on GuruFocus' analysis, FTI Consulting stock appears to be undervalued. The current stock price of €141.00 is trading 34.7% below its estimated GF Value™ of €216.03.

Key valuation signals for FRA:FCQ:

  • Cyclically Adjusted PB Ratio: 3.15 (11% below median its 10-year median of 3.54)
  • GF Value™: €216.03 vs. price of €141.00 (34.7% below fair value)
  • GF Score™: 84/100 with 2 warning signs
  • Industry Position: 101.9% above the Business Services median (#537 of 729)

No single metric tells the full story. See the FRA:FCQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


FTI Consulting Business Description

Other Exchanges FCN:USA
Address 555 12th Street NW, Suite 700, Washington, DC, USA, 20004
FTI Consulting Inc is a firm that generates its sales by providing professional business advisory services to customers. The company operates through five segments, namely corporate finance, forensic and litigation consulting, economic consulting, technology, and strategic communications. The company generates the majority of its revenue from the Corporate finance segment. Customers of the company come from a wide array of sectors, including construction, energy and power, environmental, financial institutions, healthcare and life science, insurance, real estate and infrastructure, retail and consumer products, telecom, media, and technology. The majority of the company's revenue is derived from serving customers in the United States.
84GF Score

Get the complete analysis for FRA:FCQ

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€141.00
Price
€216.03
GF Value